Comerica Bank lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 49,847 shares of the semiconductor company’s stock after acquiring an additional 5,648 shares during the quarter. Comerica Bank’s holdings in Synopsys were worth $4,628,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SNPS. Advisor Group Inc. raised its stake in shares of Synopsys by 14.3% during the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 327 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Synopsys by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 745,858 shares of the semiconductor company’s stock valued at $54,398,000 after acquiring an additional 18,609 shares during the period. The Manufacturers Life Insurance Company raised its stake in Synopsys by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 174,942 shares of the semiconductor company’s stock valued at $12,760,000 after acquiring an additional 2,338 shares during the period. WINTON GROUP Ltd raised its stake in Synopsys by 28.7% in the 2nd quarter. WINTON GROUP Ltd now owns 45,420 shares of the semiconductor company’s stock valued at $3,312,000 after acquiring an additional 10,135 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Synopsys in the 2nd quarter valued at $366,000. Institutional investors own 89.77% of the company’s stock.

Synopsys, Inc. (NASDAQ SNPS) opened at $86.62 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 1-year low of $65.56 and a 1-year high of $94.80. The company has a market capitalization of $12,689.74, a price-to-earnings ratio of 101.91, a price-to-earnings-growth ratio of 3.80 and a beta of 1.04.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The firm had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. During the same period in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. equities research analysts predict that Synopsys, Inc. will post 2.24 earnings per share for the current year.

In other Synopsys news, CEO Chi-Foon Chan sold 3,750 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $336,675.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph W. Logan sold 5,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $90.33, for a total value of $451,650.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,442 shares of company stock worth $5,779,693. Insiders own 1.82% of the company’s stock.

A number of research firms recently weighed in on SNPS. BidaskClub upgraded Synopsys from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Needham & Company LLC increased their price target on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 1st. TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Zacks Investment Research cut Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. cut Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target on the stock. in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $96.89.

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Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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